SBI Credit Card Reward Points - A Complete Guide 2021
SBI Credit Card Reward Points

SBI Credit Card Reward Points – A Complete Guide 2021

State Bank of India provides you a wide range of reward points redemption options under “SBICard Rewards” program. But you might be confused on what different ways could be to redeem your reward points.

In this article, you will understand each and everything you should know all about the reward points that you earn on your SBI credit card.

This article has 4 parts –

  • SBI Credit Card Reward Points (Reward point details & redemption value)
  • How to Check SBI Credit Card Reward Points
  • SBI Credit Card Reward Point Redemption Options
  • How to Redeem SBI Reward Points
  • FAQs about SBI Reward Points

Without wasting time, lets discuss on SBI credit card reward points in detail.

SBI Credit Card Reward Points 

#1. Rewards Points for Every SBI Credit Cards

SBI Credit CardsPrimary Rewards BenefitsOther Rewards Benefits
SimplySAVE SBI Credit Card10 Rewards points per Rs. 100 spent on grocery purchases, movies, dining, and shopping at departmental stores1 Reward point per Rs. 100 spent on other transactions
SimplyCLICK SBI Credit Card10 reward points per Rs. 100 spent online on Amazon, BookMyShow, Cleartrip, Netmeds, Lenskart and UrbanClap5 rewards per Rs. 100 on other online spends
1 reward point per Rs. 100 spent on other transactions
SBI Prime Credit Card20 Reward points per Rs. 100 spent on utility bills and birthday spends
15 Reward points per Rs. 100 spent on big basket
10 Rewards points per Rs. 100 spent on grocery purchases, movies, dining, and shopping at departmental stores
2  reward points per Rs. 100 spent on other transactions
SBI Elite Credit Card5X Reward Points on dining, departmental and grocery stores
2 Reward Points per Rs.100 spent on International transactions
2 Reward Points per Rs. 100 on all other spends
SBI Gold Credit Card10 Rewards points per Rs. 100 spent on departmental stores, movies, dining, and grocery purchases.1 Reward point per Rs. 100 spent on other  transactions
SBI Advantage Gold Credit Card10 Rewards points per Rs. 100 spent on grocery purchases, movies, dining, and shopping at departmental stores1 Reward point per Rs. 100 spent on other  transactions
SBI Signature Contactless Credit Card5X Rewards on grocery store, dining, and international transactions.2 Rewards points per Rs. 100 spent on other  transactions
SBI Advantage Signature Credit Card5X Rewards on grocery store, dining, and international transactions.2 Rewards points per Rs. 100 spent on other  transactions
SBI Platinum Credit Card(Including co-branded cards)5X Rewards on grocery store, dining, and international transactions.2 Rewards points per Rs. 100 spent on other  transactions.
SBI Advantage Platinum Credit Card5X Rewards on grocery store, dining, and international transactions.2 Rewards points per Rs. 100 spent on other  transactions
Bank Of Maharashtra – SBI Credit Card10X Rewards points per Rs. 100 spent on departmental stores and grocery purchases.1 Reward point per Rs. 100 spent on other  transactions
Karur Vysya Bank – SBI Credit Card10X Rewards points per Rs. 100 spent on departmental stores and grocery purchases.1 Reward point per Rs. 100 spent on other  transactions
Oriental Bank of Commerce – SBI Credit Card10X Rewards points per Rs. 100 spent on departmental stores and grocery purchases.1 Reward point per Rs. 100 spent on other  transactions
Air India SBI Signature Credit Card4 Rewards points per Rs. 100 spent.5X Rewards point per Rs. 100 spent for booking Air India tickets.

#2. Redemption Value of SBI Credit Card Reward Points

The redemption value of 1 SBI credit card reward point is equivalent to Rs. 0.25. 

If you earn 1000 SBI credit card reward points, you can redeem them worth Rs. 250 product from SBI rewards catalogue. 

If you are redeeming SBI reward points as airmiles, then your 5 SBI reward points are equivalent to 1 InterMile. You can use intermiles to buy flight tickets if you are a frequent flyer.

Let’s have a quick summary of SBi credit card reward points redemption –

  • 4 Reward points = 1 Rupee
  • 5 Reward Points = 1 InterMile

Also read – ICICI credit card reward points guide

How to Check SBI Credit Card Reward Points 

#1. SBI Card Website

Step 1 : Go to the SBI Card Website and click on “Login”.

SBI card website

Step 2 : Enter registered mobile number, and click on “Proceed”

Sbi card website login

Step 3 : Enter credit card pin and OTP. Click on “Login”.

SBi card login details

Step 4 : Click on “Rewards” from the left hand side panel.

SBI card dashboard

Now you’ll be able to see your accumulated reward points on the right side.

#2. SBI Card App

Sbi card app

You need to install Sbicard app in your smartphone.

Step 1 : Login to sbicard app

sbi card app login

Step 2 : Click on the left side panel and click on “Rewards”.

sbicard app left panel

You’ll be able to see reward points on the right side.

Also read – HDFC credit card reward points guide

SBI Credit Card Reward Point Redemption Options

#1. SBI Rewards Catalogue

Sbi rewards homepage

You can visit the SBI credit card rewards page and explore a wide range of products that you can buy by redeeming your reward points.

You can redeem in the categories below –

  • Apparels
  • Fashion Accessories
  • Electronics
  • Books
  • Health and Fitness 
  • Home Appliances
  • Premium Watches

You can select the product as per the number of reward points you have and redeem them. The physical product will be delivered to you within 3 weeks. 

#2. Airmiles

SBI rewards intermiles

You can convert your SBI reward points into airmiles to buy flight tickets. SBI has collaborated with Intermiles to utilize your SBi reward points into airmiles (aka intermiles).

You can redeem reward points into Intemiles if you have SBI Platinum card, Prime Card, Simply Save Card and SBI Elite Card only.

The SBI rewards to the Intermiles conversion process is as below.

  • You require min. 10,000 Reward Points to redeem against InterMiles
  • You can redeem in multiples of 10,000 Reward Points only
  • You have to call SBI card service centre to redeem your reward points into intermiles
  • Register with Intermiles first before calling SBI card service center
  • Provide your InterMiles membership number to SBI card service center executive that  needs to be credited with the InterMiles

#3. E-Vouchers

Sbi rewards e-voucher

You can also redeem your SBI credit card reward points into various electronic vouchers aka e-vouchers such as Amazon, Flipkart and Tata Cliq.

You can also redeem your reward points for luxury Jewellery like PC Jewellers gold or diamond jewellery e-voucher.

If you are buying an electronic voucher that would be delivered to your email address within 3 working days.

#4. Cash

There’s no direct way to redeem your reward points into cash. However you can email to SBI card services if you want to encash your reward points into cash.

You can go to the mailbox after login to your sbi card portal that we’ll discuss in the next section under “Email Service” sub-category.

Check out – Best SBI Credit Cards in India

How to Redeem SBI Reward Points 

#1. SBI Card Website

Step 1 : Go to SBI credit card rewards website.

Sbi rewards homepage

Step 2 : Select any product that you want to buy against reward points. For example, you have selected a fastrack fitness band from the catalogue.

Step 3 : Open the product details and click on “Add to Cart”.

sbi product catalogue 1

Click on redeem now and you’ll be able to redeem your SBI credit card reward points to buy that product.

#2. SBI Card App

Step 1 : Login to SBIcard app using your fingerprint or security pin.

sbi card app login

Step 2 : Click on the left side panel and click on “Rewards”.

sbicard app left panel

You’ll be able to see reward points on the right side.

Step 3 : Click on “Redeem” tab at the bottom. You’ll be redirected to the rewards catalogue page.

Redeem sbi reward points

Step 4 : Select the product you want to buy against reward points. For example, we are buying an Amazon voucher.

select product on sbi rewards

Step 5 : Click on “Add to Cart” from the bottom.

Amazon voucher on sbi rewards II

Step 6 : Now click on “Place Order”.

Amazon voucher on sbi rewards III

You will receive your Amazon voucher as an email within 3 days. You will get confirmation on emai as well as text message on your registered mobile number.

#3. SBI Card Service Center

You can call the SBI Card helpline at 39020202 using your local STD code or you can call 1860 180 1290 from BSNL and MTNL numbers and redeem accumulated rewards points.

Before calling the SBI card service center, make sure you have already selected the product that you want to redeem. 

Also note down the product code shown at the SBI card rewards catalogue to make customer care executive order correctly and that will also save your time.

You can also contact SBI card helpline and redeem your reward points into cash.

#4. Email Service for Cash Redemption

You can also use SBI mailboard service to redeem your reward points into cash.

Step 1 : Login to SBI card website

SBI card website

Step 2 : Click on “Mailbox” on the left side panel and then click on “Compose”.

Mailbox sbi card

Step 3 : Select “Reward Points Redemption” category from the drop down menu.

customer service through sbi card app

Step 4 : Choose “Request for Redemption” in the subcategory menu.

sbi card app redemption

Step 5 : Write down details that you want to redeem your reward points into cash and click on “Submit”.

sbi card redemption details

The Sbi card service executive will call you for further details and will let you know how much money you will be able to redeem using your reward points.

FAQs about SBI Credit Card Reward Points

#1. Do SBI credit card reward points have an expiry date?

Yes. SBI credit card reward points come with an expiry of 24 months. 

#2. Is there any fee on redeeming SBI Card reward points?

Yes. You have to pay Rs. 99 as a redemption fee when you redeem your SBI reward credit card reward points.

#3. Can I change the items bought using rewards points?

No. You can’t change or replace the items bought using reward point redemption.

#4. Can I redeem my SBI credit card rewards into cash?

Yes you can redeem via email service or calling the customer service. But make sure you have enough reward points accumulated as you can redeem only 2000 denomination of points. 

Which means you can redeem in order of 2000, 4000, 6000 reward points only. So you possess a minimum 2000 reward points to redeem into cash. 

The SBI will also deduct GST while redeeming into cash. So it is advised to redeem your reward points into an Amazon pay voucher.

#5. Can I use SBI credit card rewards on offline stores?

You can’t redeem your SBI credit card reward points directly on offline stores. However, you can redeem your reward points into the e-voucher of any offline store listed on SBI card rewards catalogue such as Tata Cliq, Piramal Jewellers, Ginny n Jonny.

You can redeem the e-vouchers at the cash counters of listed brand outlets.

Conclusion

Since you now know everything about SBI credit card reward points, let me know if you still have any query.

I will try to resolve your issue and list your question in FAQ section of this article if I find it valuable to others as well.

Please do let me know your queries in the comments.

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